Cars
Following Thursday's announcement about the continuation of the alliance with PSA Peugeot-Citroen, General Motors on Friday said it has completed the sale of its entire 7 percent stake in the French carmaker through a private placement to institutional investors. GM received €250 million ($343 million) for the 24,839,429 PSA shares. Read more »
- Canadian Government Plans To Offload 10 Percent Stake In Gm "as Quickly As Feasible"
A recently posted Bloomberg report says that the Canadian government has made its intentions clear regarding its continued involvement with General Motors. It is now looking for interested parties who would want buy its stake in the American automotive...
- Gm And Psa Peugeot Citroen Reportedly Considering European Merger
With GM’s European Opel/Vauxhall brands and PSA Peugeot Citroen losing money as well as market share fast, the two groups are looking for ways to make the best out of the alliance they formed on February 29. Under the initial agreement, GM paid...
- Gm And Psa Peugeot-citroen Officially Form An Alliance, Fiat Still Wants In
Well, that didn’t take long, did it? Only a week after the first report that General Motors and PSA Peugeot-Citroen were discussing a possible alliance in order to cut their costs and improve their performance in Europe and other regions, the...
- Fact Of The Day: Tesla Motors Worth Half Of Gm's Value!
We are more than aware that this doesn't mean squat in the real world, but nevertheless it's something worth noting. Last Wednesday's announcement that Mercedes-Benz parent company Daimler AG's paid $50 million US or about €37 million...
- European Opel And Vauxhall Dealers Want To Buy 20% Stake From General Motors
Instead of waiting for fate to strike, Opel and Vauxhall dealers in Europe have decided to take matters into their own hands by making a proposition to buy a direct equity stake in the European automaker that has been put up for sale by General Motors....
Cars
GM Sells PSA Stake for €250 Million, French Carmaker’s Stock Takes a Dive
Following Thursday's announcement about the continuation of the alliance with PSA Peugeot-Citroen, General Motors on Friday said it has completed the sale of its entire 7 percent stake in the French carmaker through a private placement to institutional investors. GM received €250 million ($343 million) for the 24,839,429 PSA shares. Read more »
- Canadian Government Plans To Offload 10 Percent Stake In Gm "as Quickly As Feasible"
A recently posted Bloomberg report says that the Canadian government has made its intentions clear regarding its continued involvement with General Motors. It is now looking for interested parties who would want buy its stake in the American automotive...
- Gm And Psa Peugeot Citroen Reportedly Considering European Merger
With GM’s European Opel/Vauxhall brands and PSA Peugeot Citroen losing money as well as market share fast, the two groups are looking for ways to make the best out of the alliance they formed on February 29. Under the initial agreement, GM paid...
- Gm And Psa Peugeot-citroen Officially Form An Alliance, Fiat Still Wants In
Well, that didn’t take long, did it? Only a week after the first report that General Motors and PSA Peugeot-Citroen were discussing a possible alliance in order to cut their costs and improve their performance in Europe and other regions, the...
- Fact Of The Day: Tesla Motors Worth Half Of Gm's Value!
We are more than aware that this doesn't mean squat in the real world, but nevertheless it's something worth noting. Last Wednesday's announcement that Mercedes-Benz parent company Daimler AG's paid $50 million US or about €37 million...
- European Opel And Vauxhall Dealers Want To Buy 20% Stake From General Motors
Instead of waiting for fate to strike, Opel and Vauxhall dealers in Europe have decided to take matters into their own hands by making a proposition to buy a direct equity stake in the European automaker that has been put up for sale by General Motors....